Business
Unaudited Results for the three and nine month ...
Unaudited Results for the three and nine month ....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Unaudited Results for the three and nine month periods ended 30 September 2020\n \n \n \n \n For immediate release\n \n 13 November 2020\n \n Serabi Gold plc\n (“Serabi” or the “Company”)\n Unaudited Results for the three and nine month periods ended 30 September 2020\n \n Serabi (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today releases its unaudited results for the three and nine month periods ended 30 September 2020.\n \n Financial Highlights\n \n \n Cash Cost for the year to date of US$1,013 per ounce.\n All-In Sustaining Cost for the year to date of US$1,298 per ounce.\n EBITDA for the third quarter of 2020 of US$6.3 million (Q3 2019: US$4.6 million) an improvement of 36 per cent.\n EBITDA for the year to date (“ytd”) of US$15.7 million (2019 ytd: US$12.1 million) an improvement of 28 per cent.\n Post tax profit for the year to date of US$7.8 million (2019 ytd: US$2.8 million) an improvement of 175 per cent. \n Earnings per share for the year to date of 13.28 cents.\n Average gold price of US$1,707 received on gold sales in 2020.\n US$5.5 million now paid to date of the remaining US$12 million consideration for purchase of Coringa, due to Equinox Gold Corp. (“Equinox”). The balance will continue to be paid in monthly instalments, until travel restrictions caused by Coronavirus are lifted. US$3.5 million has been settled from cash flow with a total of US$2.0 million drawn down to date of the US$12 million Convertible Loan Notes (the “Loan Notes”) being subscribed for by Greenstone Resources II LP (“Greenstone”).\n \n \n Key Financial Information\n \n \n \n \n \n \n \n 9 months to\n 30 September 2020\n US$\n \n \n 3 months to\n 30 September 2020\n US$\n \n 9 months to30 September 2019US$\n 3 months to30 September 2019US$\n \n \n \n Revenue\n \n \n 45,403,793\n \n \n 15,941,963\n \n 43,939,510\n 14,353,771\n \n \n \n Cost of sales\n \n \n (24,908,688)\n \n \n (8,487,475)\n \n (27,661,873)\n (8,496,884)\n \n \n \n Gross operating profit\n \n \n 20,495,105\n \n \n 7,454,488\n \n 16,277,637\n 5,856,887\n \n \n \n Administration and share based payments\n \n \n (4,838,661)\n \n \n (1,168,595)\n \n (4,051,905)\n (1,248,405)\n \n \n \n EBITDA\n \n \n 15,656,444\n \n \n 6,285,893\n \n 12,225,732\n...